Point72 Ventures' approach to AI is largely guided by how financial firms want to use the tech. Though many firms are still in an exploratory phase, the surest bets are in wealth management, especially around making advisors more efficient with research and summarization, Shriner said.
"Almost every conversation that we have about gen AI, the conversation ultimately turns to, what can bad actors do with this technology," Shriner said.Shriner said that within the broad and complex world of risk and compliance, Point72 Ventures is zeroing in on improving the identification process for businesses and consumers.
A major pain point for financial firms is scaling solutions for Know Your Customer and Know Your Business , regulations that require financial providers to know who they are providing services to.